HOUSTON--(BUSINESS WIRE)--
Ranger Energy Services, Inc. (NYSE: “RNGR”) (“Ranger”) announced today
that it has launched an initial public offering of 5,000,000 shares of
its Class A common stock at an anticipated initial offering price
between $16.00 and $18.00 per share pursuant to a registration statement
on Form S-1 (the “Registration Statement”) previously filed with the
Securities and Exchange Commission (the “SEC”). In addition, Ranger
intends to grant the underwriters a 30-day option to purchase up to an
additional 750,000 shares of Ranger’s Class A common stock at the
initial public offering price, less underwriting discounts and
commissions. The shares have been authorized for listing on the New York
Stock Exchange under the ticker symbol “RNGR,” subject to official
notice of issuance.
Credit Suisse, Simmons & Company International | Energy Specialists of
Piper Jaffray and Wells Fargo Securities are acting as the lead
book-running managers for the offering. Additional book-running managers
are Barclays and Evercore ISI.
The offering of these securities will be made only by means of a
prospectus that meets the requirements of Section 10 of the Securities
Act of 1933. A copy of the preliminary prospectus may be obtained from:
Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
Eleven
Madison Avenue
New York, NY 10010
Telephone: (800) 221-1037
Email:
[email protected]
Piper Jaffray & Co.
Attention: Prospectus Department
800
Nicollet Mall, J12S03
Minneapolis, MN 55402
Telephone: (800)
747-3924
Email: [email protected]
Wells Fargo Securities, LLC
c/o Equity Syndicate Department
375
Park Avenue
New York, NY 10152
Telephone: 1-800-326-5897
Email:
[email protected]
Important Information
A registration statement relating to these securities has been filed
with the SEC but has not yet become effective. These securities may not
be sold nor may offers to buy be accepted prior to the time the
registration statement becomes effective. The registration statement may
be obtained free of charge at the SEC’s website at www.sec.gov
under “Ranger Energy Services, Inc.” This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
state or jurisdiction.
About Ranger Energy Services, Inc.
Ranger Energy Services, Inc. is an independent provider of well service
rigs and associated services in the United States, with a focus on
unconventional horizontal well completion and production operations.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements represent Ranger’s expectations or beliefs concerning future
events, and it is possible that the results described in this press
release will not be achieved. These forward-looking statements are
subject to risks, uncertainties and other factors, many of which are
outside of Ranger’s control, that could cause actual results to differ
materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is
made, and, except as required by law, Ranger does not undertake any
obligation to update or revise any forward-looking statement, whether as
a result of new information, future events or otherwise. New factors
emerge from time to time, and it is not possible for Ranger to predict
all such factors. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary statements in
the prospectus filed with the SEC in connection with Ranger’s initial
public offering. The risk factors and other factors noted in Ranger’s
prospectus could cause its actual results to differ materially from
those contained in any forward-looking statement.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170801006118/en/
Ranger Energy Services, Inc.
Robert S. Shaw Jr., 713-935-8900
Chief
Financial Officer
[email protected]
Source: Ranger Energy Services, Inc.
